Domestic Policies Related to Economic Growth

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Presentation transcript:

Domestic Policies Related to Economic Growth What does the term Domestic Mean? Domestic Policies Related to Economic Growth

Theodore (Teddy) Roosevelt MR. PROGRESSIVE Progressive President who introduced the Square Deal Added the Departments of Labor and Commerce Passed the Hepburn Act to strengthen the Interstate Commerce Commission Passed the Pure Food and Drug Act Conservationist, who created the National Parks System and set aside over 190 million acres of land

Laissez-Faire What does this term mean? Government does not regulate business Progressives thought the costs of big business and industrialization were too high and benefitted only a small part of the population. They wanted a government response to industrialization, the regulation of economic power, and an end to monopolies and trusts, which hindered competition.

Anti-Trust Acts Sherman Anti-Trust Act outlawed any combination of companies that restrained interstate trade or commerce. Clayton Anti-Trust Act strengthened the Sherman Anti-Trust Act by spelling out specific activities that big businesses could not do. The Clayton Anti-Trust Act legalized labor unions because “the labor of a human being is not a commodity or article of commerce” Roosevelt used these laws to set in motion 43 anti-trust lawsuits.

Interstate Commerce Act Regulated the prices railroads charged to move freight between states proportional to distance traveled Made it illegal to give special rates to some customers Set up the Interstate Commerce Commission to enforce the laws

Pure Food and Drug Act/ Meat Inspection Act After Upton Sinclair’s The Jungle was published revealing the disgusting and unsafe conditions in meat packing plants. Teddy Roosevelt supported the Pure Food & Drug Act, and the Meat Inspection Act. These required accurate ingredient labels, strict sanitary requirements, and a federal meat inspection system.